Japan imports of polished diamond from India decrease 20.7% YoY to $58.221 million

TOKYO: Japan’s polished diamond imports plummeted 20.7 percent year on year to $58.221 million, according to data published by Momozawa & Co., based upon information obtained from the country’s Customs Bureau at the Ministry of Finance. Polished diamond prices continue fall Diamond worker held for molestation100cr diamond fraud: Mumbai cops begin probeIndians lap up diamond jewellery fast100 crore fraud in diamond firm

While the export of polished diamonds from India to US have plummeted this year, Japan is also showing the negative signs as well.

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By volume, the imports decreased 40 percent to 137,537 carats as the average price improved 31.8 percent to $423 per carat.

However, polished imports from India contracted 30.4 percent to $28.1 million. India is the biggest exporter of polished diamonds to Japan with an average monthly export totaling at $35 million.

Meanwhile, imports from Belgium fell 29 percent to $7.9 million. However, polished imports from Hong Kong rose 14.3 percent to $5.5 million and imports from Israel improved 18.2 percent to $8.3 million.